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-- facebook page. the american people get it. washington is addicted to spending someone else's money. the house has passed two bills that would avert the fiscal cliff. in august to pass a bipartisan bill. the house passed legislation to avoid sequestration by cutting spending. our plan is to take your calls and hear from you over twitter, and to wait it out, to wait and hear what we hear from capitol hill. our cameras are on capitol hill and we hope to be able to give you some coverage of briefings happening on the hill. so far, the house is out and the senate will be out shortly once they finish this series of votes. and it was 12:15 eastern, writing a major setback in fiscal cliff talks. you may have heard sheila jackson lee question this. that negotiations between harry reid and mitch mcconnell suffered a major setback after republicans demanded the inclusion of a new method for calculating benefits for the package. change came from progressives to result in lower payments. part of the current negotiations on the scale down deal, they say that they gave ground on other issues, inc
. looking at some other stories in the news -- the washington post also covers that keeping the justice department had to toughen gun laws ahead of the election. that is the headline. much of the effort was put on hold until after last month's election. according to several officials who knew about the effort. in here is what the story also says. the guns were not on the table according to one anonymous source because everything was shut down in that debate. as we dig into this year, it says the recommendations were discussed with attorney general older and his deputies. there was no indication it was sent to the white house. the recommendations could have had an impact on the access to guns for drug users, criminals, or people with a history of mental illness. host: let's go to the phones and hear from our first caller this morning. greg? caller: good morning, how are you? they talk about needing to have background checks and all of this stuff, but that is not the problem. what it is, i will tell you. they say background checks? it is not background checks, it is your personality, your
a deal on that this " cliff? is there a washington-wall street disconnect? >> interesting question. i certainly hope that markets will not have to tank. we want to have confidence not just in market but in businesses and households as well. the best way policy makers cna achieve that is by coming to a solution as quickly as possible. markets have obviously already responded to some extent up and down to news about negotiations. on the other hand, it is also true -- if you look at the experience of the debt limit debate in august 2011, and both confidence and markets remain pretty sanguine up to pretty close to the point where it looked like there was a chance that the debt limit would not be riased. then, of course, there was a pretty sharp shock to confidence about the time of the final debates. so, it's not unusual to see markets being complacent. of course, from a market point of view, there is at risk to both directions. if things go well, that would be good news and may be right now markets are taking an average of those two possibilities. policymakerk any including the fed shoul
Search Results 0 to 2 of about 3